Direxion Daily MSCI South Korea Bull 3x Shares Target of Unusually High Options Trading (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 44,143 call options on the company. This represents an increase of approximately 617% compared to the typical volume of 6,160 call options.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds have recently bought and sold shares of KORU. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at approximately $43,000. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $47,000. Group One Trading LLC grew its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after acquiring an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 18.1%

Shares of KORU stock traded up $3.34 during mid-day trading on Tuesday, hitting $21.75. 19,079,167 shares of the stock were exchanged, compared to its average volume of 18,616,451. Direxion Daily MSCI South Korea Bull 3x Shares has a 52-week low of $3.72 and a 52-week high of $63.98. The company has a market cap of $1.62 billion, a PE ratio of 9.42 and a beta of 4.43. The firm has a fifty day moving average of $38.73 and a 200 day moving average of $26.67.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

The Direxion Daily South Korea Bull 3X Shares (KORU) is an exchange-traded fund that is based on the MSCI Korea 25-50 index. The fund provides 300% daily leveraged exposure to a market-cap-weighted index of large- and mid-cap South Korean companies. KORU was launched on Apr 11, 2013 and is managed by Direxion.